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The following trial balance was prepared for Findlay Consultants Corp. at January 31, 2015, its first month of operation.
Required:
- Prepare a corrected trial balance at January 31. List the accounts in numerical order. Record the amounts in their proper debit or credit positions. Re-add total debits and credits and ensure they are equal. Assume all accounts have normal balances.
- Prepare an income statement and statement of changes in equity for the month ended January 31, 2015.
- Prepare a balance sheet at January 31, 2015.
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